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During the trial in Manhattan federal court which began on Oct. The jury began deliberations on Wednesday and worked for a total of around seven hours to reach their verdict. They found that investors had proved there was a conspiracy to rig prices in the forex market, but not that it involved Credit Suisse. A lawyer for the investors argued during the trial that chat transcripts were damning evidence of a single conspiracy among the banks to rig the foreign currency market.

Credit Suisse traders participated in more than chat rooms and shared information about the spread between the buy and sell price for currencies every other day, he said. Attorneys for Credit Suisse argued that such infrequent communication could not influence the market, that traders chatting about different currency pairs could not be part of the same conspiracy, and that there was no evidence Credit Suisse traders ever acted on the chats.

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